CrowdStrike expects less revenue for the full fiscal year following a broad-based outage on July 19 stemming from a buggy software update.
CrowdStrike's results were stronger than expected for the quarter, but it reduced full-year guidance owing to incentives for a customer commitment package after a widespread July 19 outage.
"All customers are looking for some kind of discount," Gray Powell and Trevor Rambo of BTIG, with the equivalent of a hold rating on CrowdStrike shares, wrote in an Aug. 23 note. For the 2025 fiscal year, CrowdStrike now sees $3.61 to $3.65 in adjusted earnings per share and $3.89 billion to $3.90 billion in revenue. That's down from management's June forecast for adjusted earnings per share of $3.93 to $4.03 and revenue between $3.98 billion to $4.01 billion. Analysts polled by LSEG had expected adjusted profit of $3.88 per share, with $3.95 billion in revenue.
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